Fladgate acts on the acquisition of Ila Security by AIM listed Baylon Holdings

Our team: David Robinson, John Forde

Fladgate LLP acted for Ila Security Limited and its founding shareholders on the acquisition of Ila by AIM listed, Jersey registered Baylon Holdings Limited, by way of a reverse takeover. Ila manufactures, markets and sells personal security devices for women. The acquisition will allow Ila to expand its UK market and assist its expansion in the USA, Canada and Europe.

The transaction is subject to the approval of the acquisition and the approval of a waiver of Rule 9 of the Takeover Code by Baylon shareholders in general meeting. Subject to those approvals, Baylon (which will be renamed Ila Group Limited) will be re-admitted to trading on AIM on completion of the acquisition which is expected to be on 5 March 2010.

Corporate partner David Robinson led the Fladgate team with assistance from John Forde (tax).

Blogs

View by author:

Would you like to hear more?

Sign up to receive updates

Integrated

Our clients come to us to solve problems that are often complex and multifaceted. We draw together the multiple strands of a business or personal challenge into a coherent, integrated legal response that combines the knowledge and experience of experts in all the relevant fields.

Partner-led

We operate in small teams in which partners not only take the lead but also do a significant amount of the detailed work. Clients can be assured that the partners they engage and brief will remain closely involved in developing and delivering the advice as part of our close-knit, expert teams.

Experienced

Fladgate has a long heritage of delivering high-quality legal advice. We have been providing practical legal solutions to businesses and private clients for over 250 years. Today we are one of the UK’s top 100 law firms, with over 80 partners and a reputation for providing solutions that work.